The Kroger Co. is one of the largest retailers in the United States and also manufactures and processes some of the food for sale in its supermarkets. Kroger reported the following January 31 balance-s in its statement of stockholders€™ equit3r (dollars in millions):

During the current year, Kroger reported net income of Sf102.

Required:1. How much did Kroger declare in dividends for the year?
2. Assume that the only other transaction that affected stockholders€™ equity during the current year was a single stock issuance. Recreate the journal entry reflecting the stockissuance.

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Common stock Paid-in capital Retained earnings Current Year S 959 3,427 8,571 Prior Year S 958 ,394 8,225